Pem Sheetmetal Limited

Pem Sheetmetal Ltd from Essex UK: a small company, holding company, active status, founded 20 years ago, employing 82 people, and holding £2,080,766 in assets, operates from a virtual address, and is managed by three directors and one owner. It boasts a stellar 5.0 Google rating from a single review. The company is an irregular importer of machinery, boilers, and mechanical appliances; parts, with just one month of imports recorded.

The company's core business revolves around cold forming or folding, serving industries that require precision metalwork. It’s a holding company, and its registered address is a virtual one, shared by nineteen other companies—a common arrangement that can sometimes raise questions about transparency. The company’s website is not available for review.

Financially, Pem Sheetmetal Ltd presents a mixed picture. While bank borrowings decreased by 8.2%, cash reserves have doubled to £150,000, a positive sign of improved liquidity. However, creditors have risen by 19%, and debtors have increased by 25%, suggesting a growing reliance on credit. The company’s net assets have also increased by 22%, and the company's profits remained steady at £190,000. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the increase in creditors warrants closer attention. The company’s auditor is Platt Rushton LLP, and the accounts are unaudited.

It seems the company is doing well, but it’s important to keep an eye on those rising debts.

Registered in England/Wales under the registration number 05151045, with a registered address at SS9 2RZ, Essex, Sutherland House, 1759 London, Road, Leigh On Sea.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.